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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net Income $ 2,077 $ 2,094 $ 1,478
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 585 588 597
Realized investment (gains) losses (57) (154) (213)
Deferred income taxes 21 (22) 197
Net changes in assets and liabilities, net of non-operating effects:      
Premiums, accounts and notes receivable (945) (780) (110)
Reinsurance recoverables 55 22 369
Deferred policy acquisition costs (182) (176) (227)
Other assets 16 (265) 405
Insurance liabilities 657 457 1,040
Accounts payable, accrued expenses and other liabilities 423 202 (483)
Current income taxes (25) 111 (56)
Loss on extinguishment of debt 100 0 0
Cash used to exit run-off reinsurance business 0 0 (2,196)
Other, net (8) (83) (82)
Net cash provided by / (used in) operating activities 2,717 1,994 719
Proceeds from investments sold:      
Fixed maturities and equity securities 1,555 1,769 1,775
Investment maturities and repayments:      
Fixed maturities and equity securities 1,435 1,640 1,621
Commercial mortgage loans 640 453 653
Other sales, maturities and repayments (primarily short-term and other long-term investments) 1,297 2,706 1,661
Investments purchased or originated:      
Fixed maturities and equity securities (4,234) (5,424) (3,062)
Commercial mortgage loans (500) (287) (58)
Other (primarily short-term and other long-term investments) (1,183) (2,115) (1,930)
Property and equipment purchases (510) (473) (527)
Acquisitions, net of cash acquired (99) 0 (76)
Other, net 0 (24) (42)
Net cash provided by/ (used in) investing activities (1,599) (1,755) 15
Cash Flows from Financing Activities      
Deposits and interest credited to contractholder deposit funds 1,429 1,482 1,399
Withdrawals and benefit payments from contractholder deposit funds (1,359) (1,456) (1,358)
Net change in short-term debt (21) (112) (101)
Net proceeds on issuance of long-term debt 894 0 0
Repayment of long-term debt (938) 0 (15)
Repurchase of common stock (671) (1,612) (1,003)
Issuance of common stock 154 110 150
Other, net (18) 6 (2)
Net cash provided by / (used in) financing activities (530) (1,582) (930)
Effect of foreign currency rate changes on cash and cash equivalents (40) (32) 13
Net increase (decrease) in cash and cash equivalents 548 (1,375) (183)
Cash and cash equivalents, January 1 1,420 2,795 2,978
Cash and cash equivalents, December 31 1,968 1,420 2,795
Supplemental Disclosure of Cash Information:      
Income taxes paid, net of refunds 1,194 1,085 519
Interest paid $ 245 $ 259 $ 265